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of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then we're -- there's going to be some price tag associated with it. >> last question. >> are you standing by your dollar for dollar -- the increase in the debt limit for cuts? >> are i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. >> thank you, mr. speaker. >> speaker boehner speaking to the press outside of the offices on capitol hill. not really yielding any information, though. the intransigence it seems on both sides continues. but it definitely continues to sound like a campaign on both sides, as well. just a couple highlights for you. the speaker saying the democrats can't seem to come to any kind of decision o
of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then we're -- there's going to be some price tag associated with it. >> last question. >> are you standing by...
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. >> dammit, i gets it's time i explain to these good people about the fiscal cliff. think of the economy as the car and the rich man as the driver. if you don't give the driver all the money, he'll drive you over a cliff. it's just commonsense. >> finally someone on the right willing to tell the truth. but here's the thing. this time it doesn't matter if mr. burns, speaker boehner, or the tea party try to hold the american people hostage just to get what they want. the president isn't going to budge. >> so i want to sq thank you both for coming on the show tonight. congresswoman, let me start with you. is the gop serious about holding the economy hostage again just to get what they want? >> well, think about the cards that they are holding. they are in favor of tax cuts for the rich. they want to cut tax care programs and medicare and make seniors pay and threaten the economy of the united states of america by defaulting on payments or at least to threaten that. this is not a very popular position among the public. in fact, they will be -- i think it's a suicide miss
. >> dammit, i gets it's time i explain to these good people about the fiscal cliff. think of the economy as the car and the rich man as the driver. if you don't give the driver all the money, he'll drive you over a cliff. it's just commonsense. >> finally someone on the right willing to tell the truth. but here's the thing. this time it doesn't matter if mr. burns, speaker boehner, or the tea party try to hold the american people hostage just to get what they want. the president...
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the "news nation" is following where things regard right now with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment
the "news nation" is following where things regard right now with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the...
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we just got to get over this fiscal cliff thing. >> jonathan capehart. >> i learned president morsi of egypt is fanatical about "planet of the apes." >> that is really all you need to know. jonathan, thank you so much. rana, steve, michael and everybody, thank you for watching today. if it's "way too early," it's "morning joe." chuck todd is next with "the daily rundown." >>> together again. mitt romney makes his way to the white house. it's not exactly the way he wanted to get there. but can something constructive come out of a private lunch between president obama and the man he defeated just three weeks ago? that's right. that was just three weeks ago. >>> also this morning, a deep dive into america's longest war. look into lessons learned and the sacrifices made by troops at one combat outpost. tell us about what's been accomplished and what's not in more than a decade of fighting. as the country wakes up obsessed with numbers and winners, for the lottery, that, we've got a very important update on the election night numbers that gave us a winner. they've been changing steadily as
we just got to get over this fiscal cliff thing. >> jonathan capehart. >> i learned president morsi of egypt is fanatical about "planet of the apes." >> that is really all you need to know. jonathan, thank you so much. rana, steve, michael and everybody, thank you for watching today. if it's "way too early," it's "morning joe." chuck todd is next with "the daily rundown." >>> together again. mitt romney makes his way to the...
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that was a good solid meeting discussing the fiscal cliff. i think the shared concerns of governors that we address are fiscal challenges in a way that ensures the economy continues to grow and create jobs. with that, i'll take your questions. >> thanks, jay. two questions. in the bloomberg interview, the president was asked whether tax rates on the wealthiest americans have to go to the clean ton levels, 39.6% now. is that a red line? he never answered it directly, a process where rates could go down next year as far as tax reform. you talked with fiscal rates need to go up. what he campaigned on was the 39.6 at the end of the year. is that the case? >> so, let me say this, the president has been absolutely clear, as have i, that rates have to go up on top earners, on millionaires and billionaires, those making over $250,000. the president made that clear all yearlong and clear in the post-election period being engaged in conversations with congress about how to deal with the fiscal cliff, and our long term deficit challenges. we have yet to
that was a good solid meeting discussing the fiscal cliff. i think the shared concerns of governors that we address are fiscal challenges in a way that ensures the economy continues to grow and create jobs. with that, i'll take your questions. >> thanks, jay. two questions. in the bloomberg interview, the president was asked whether tax rates on the wealthiest americans have to go to the clean ton levels, 39.6% now. is that a red line? he never answered it directly, a process where rates...
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its impact on states and the economy. -- the so-called fiscal clef. members of the national governors' association spoke to reporters but the white house for about 15 minutes. >> good morning, everybody. i am the chair of the national governors' association, the governor of the telephone, -- of delaware, joined by the governor of oklahoma, the vice chair. and we are also joined by the governors of wisconsin and arkansas. we are three democrats and three republicans. we just had what i would say it was a very good meeting with the president. the issues we face as governors and states are considered as part of the discussions going on in washington. the president was very open. we talked about some of the issues we focus on as governors, one of those same opportunities for flexibility, in terms of some of the programs we partner with the federal government. he was open to that as well. and there is an impact not just from the fiscal issues, but the issues in terms of how the discussions here will impact the economy's back home as well. the president to
its impact on states and the economy. -- the so-called fiscal clef. members of the national governors' association spoke to reporters but the white house for about 15 minutes. >> good morning, everybody. i am the chair of the national governors' association, the governor of the telephone, -- of delaware, joined by the governor of oklahoma, the vice chair. and we are also joined by the governors of wisconsin and arkansas. we are three democrats and three republicans. we just had what i...
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we look at the entirety of the fiscal cliff and they have determined that this could drive the economy into negative territory and lead back into a recession. that's the last thing we want to see. along the lines of growth, we need to be sure that we're not doing something here short-term that puts the economy back in a position where we're not generating the kind of revenue because there's a lack of growth, to be able to deal with these issues and to get our unemployment numbers down. in my view this recovery is not your father's recovery. it's different. and it's different than any recovery we've had in this country. if you look at even the recovery in 2001 to 2003, that time period, we called it the jobless recovery. and yet by this time in that recovery we'd already brought back 2.6 million jobs. so at this point after the recession began, 2.6 million jobs had returned. and that was considered jobless. if you look back at the recovery after the 1980 and 1981 recession which was a recession that was also deep in fact, unemployment rass higher than it was in the most recent recession
we look at the entirety of the fiscal cliff and they have determined that this could drive the economy into negative territory and lead back into a recession. that's the last thing we want to see. along the lines of growth, we need to be sure that we're not doing something here short-term that puts the economy back in a position where we're not generating the kind of revenue because there's a lack of growth, to be able to deal with these issues and to get our unemployment numbers down. in my...
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i'm here to say obama is bluffing, there's not going to be a fiscal cliff, they will do something to stop the taxes from expiring. he doesn't want to be herbert hoover obama. i'm putting that on the table. if you take that off the table, you look at the economy, profits, the stuff, there's no lending going on, what is your outlook for the stock market? ivities i think we would be higher if we didn't have this issue. we have low interest rates, not only here, but globally the monetary policy will stay easy. whether you like it or not, it's going to stay easy for a long time. >> i would argue that it's helped. i would look at the gdp revisions and take the over side. a number of companies said they weren't spending at all and if they were getting push-outs from their customers because of fiscal cliff. >> i'm saying we reported there's a contraction. that could be good for stocks. >> if you get a resolution, then you get past that and businessless start to spend again. then the 2.7% gdp number, maybe it's higher than that. if we could get off the backs of businesses, we would get 5%, 6%
i'm here to say obama is bluffing, there's not going to be a fiscal cliff, they will do something to stop the taxes from expiring. he doesn't want to be herbert hoover obama. i'm putting that on the table. if you take that off the table, you look at the economy, profits, the stuff, there's no lending going on, what is your outlook for the stock market? ivities i think we would be higher if we didn't have this issue. we have low interest rates, not only here, but globally the monetary policy...
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. >> members of his own party seem quite comfortable with sending the economy over the fiscal cliff. no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> speaker boehner doesn't want to propose spending cuts, so now he's trying to pressure the white house to do it. >> there's been no serious discussion of spending cuts so far. and unless there is, there's a real danger of going off the fiscal cliff. >> a reporter asked senate majority leader harry reid about speaker boehner's comments. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him. okay? >> and, of course, another day more republicans dumping grover norquist. among nebraska and is iowa republicans, most of them told the world herald this week they could support a broad budget agreement, even if the deal ends up including higher tax revenues. i won't have a problem with letting those tax rates go up, representative mike simpson said to reuters. but new york
. >> members of his own party seem quite comfortable with sending the economy over the fiscal cliff. no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> speaker boehner doesn't want to propose spending cuts, so now he's trying to pressure the white house to do it. >> there's been no serious discussion of spending cuts so far. and unless there is, there's a real danger of going off the fiscal cliff. >> a...
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. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> surprising exactly no one, senator mitch mcconnell took to the
. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done...
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today, republicans say the white house plan to avoid the fiscal cliff is a thelma and louise theory. >> we're trying to get these guys to come together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. with montana governor brian schweitzer, and former hewlett-packard ceo carly fiorina. and susan page of usa today. i am candy crowley. and this is "state of the union." republicans call the fiscal cliff plan a joke, an insult and break from reality. suffice it to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, that's actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> while his aid
today, republicans say the white house plan to avoid the fiscal cliff is a thelma and louise theory. >> we're trying to get these guys to come together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. with montana governor brian schweitzer, and former hewlett-packard ceo carly fiorina. and susan page of usa today. i am candy crowley. and this is...
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point two on the fiscal cliff, i mean, i think it's clear as professor dyson says that republicans are losing this argument politically. they lost the election. you see republicans like coburn beginning to crack. and every single poll shows that the republicans are losing the debate, both on the fiscal cliff and on the tax issue. they're losing the issue politically. i think they know they're losing the issue politically, and i think they know at some point they are going to have to concede a deal that are largely on president obama's terms. but they're also losing the argument with economists. if you consider what president obama put forward yesterday with a $1.6 trillion in tax increases mostly on the wealthy, every single economic study has shown that that will have virtually no impact on gdp growth. the congressional budget office did a study that showed that it would decrease gdp growth by 0.1%. virtually no impact. republicans didn't like that cbo study although they always like the cbo. so they went to crs to see if they could do another study that would differ from the cbo stud
point two on the fiscal cliff, i mean, i think it's clear as professor dyson says that republicans are losing this argument politically. they lost the election. you see republicans like coburn beginning to crack. and every single poll shows that the republicans are losing the debate, both on the fiscal cliff and on the tax issue. they're losing the issue politically. i think they know they're losing the issue politically, and i think they know at some point they are going to have to concede a...
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longer term, tim pact will weigh on the obama administration if the economy doesn't recover. >> all right. many thanks, scott rasmussen, appreciate it very much. >> thanks. >>> with just 26 days until we fall off the tax and fiscal cliff, two dozen house republicans have apparently defected from the boehner plan and signed a bipartisan letter with democrats. people are now asking is there a fallback position for the gop? well, here now to tell us is house majority whip california republican kevin mccarthy, the number three man. mr. mccarthy, as always, thank you for coming back on the show. can i get your comment on this letter, two dozen republicans, they're talking about tax rate flexibility along with a bunch of democrats. what's your take, sir? >> well, remember what they're saying here. what they're saying is that they're going to put everything on to the table. what we've been talking about for so long is where the president has been awol, this is a spending issue that we have a real problem with. we agree that we'll provide revenue, but we do not want to hurt a pro growth economy h
longer term, tim pact will weigh on the obama administration if the economy doesn't recover. >> all right. many thanks, scott rasmussen, appreciate it very much. >> thanks. >>> with just 26 days until we fall off the tax and fiscal cliff, two dozen house republicans have apparently defected from the boehner plan and signed a bipartisan letter with democrats. people are now asking is there a fallback position for the gop? well, here now to tell us is house majority whip...
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives ha
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this...
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> so we all also from nancy pelosi, the democratic leader in the house of representatives earlier today. she came before cameras also, no news from her had as well. holding pattern here in washington. rhetoric is pretty heated on both sides. you heard boehner there saying the president has wasted a week here. but behind the scenes, aides did give us some indication they'll continue to talk through the weekend so i think what's going on here is you're seeing the public blast of ret lick but behind the scenes they are talking to each other. i think the talks are fair le well coordinated. you can tell that by how tightly the white house and boehner camp on the press side have coordinated their rollouts of what they've said about these talks. they're within minutes of each other, using the same language. that's an indication talks are sort of going along here. it is not an indication we will have a deal any time soon but there's no reason to give up hope just now
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> so we all also from nancy pelosi, the democratic leader in the house of representatives earlier today. she came before cameras also, no news from her had as well. holding pattern here in washington. rhetoric is pretty heated on both sides. you heard boehner there saying the president has wasted a week here. but behind the scenes, aides did give us some...
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that's really what the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and my colleague congressman tim walls, filed a discharge petition today to take the bill that we have, that has already passed the senate, that grants certainty to the middle class, to take that bill up and make sure that we can extend the middle class tax breaks before the holidays where we can give -- that's what everyone agrees on. i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're having more trouble agreeing on, we should sit down at the table. the one thing i
that's really what the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and...
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right to the edge of the fiscal cliff. instead of reforming the tax code, cutting spending, the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has a spending problem. not a receive knew problem. the president doesn't agree with our proposal, i believe that he's got an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> mr. speaker, you did speak with the president earlier this week. can you characterize that call? did he have any kind of counteroffer? also, we understand that he just is making clear that it is -- got to be increase in rates for the wealthy or no deal. are you willing to give a little bit, maybe just not all the way to 39.6? >> it was the -- the phone call was pleasant. but it was just more of the same. the conver
right to the edge of the fiscal cliff. instead of reforming the tax code, cutting spending, the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has a spending problem. not a receive knew problem. the president doesn't agree with our proposal, i believe that he's got an obligation to families and small businesses to offer a plan of his own. a...
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he was going to talk a little bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the economy. liz, can you place it in context about where our economy is right now. >> reporter: the president just now was placing it in the -- the economy in the broader context of what is going on in the world, mentioning asia, mentioning europe, and then he turned to what was the most important part of the speech, he started to speak and that is what is holding us back ironically is stuff that is going on in this town, and he also, the president also said, no one wants to get a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignit
he was going to talk a little bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the...
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i want to ask you about the fiscal cliff, the state of play. there's revenues on the table. there's tax rate increases on the table. i don't know if there's spending on the table. what's your thinking prigt now? >> that it's a really, really bad idea to raise taxes. if you want your economy to grow, you should do the opposite. we have to cut taxes. that's how i'd fix the economy. leave more money in the private sector. the president is adamant about raising taxes and he's dead wrong. >> there are some people saying we need a deal to avoid a huge tax increase but year end that would throw us into recession. just a thought, would you compromise in terms of let's say a smaller tax rate increase -- let's say the top rate goes to 37% instead of 40%, maybe the threshold goads es to $500,000 $750,000 rather than $250,000? does that interest you? >> no. but what about means testing for entitlement. why don't we say the rich get less social security and they pay more for their medicare? it meets the president's animus that we must get more money out of the rich. let's just send less
i want to ask you about the fiscal cliff, the state of play. there's revenues on the table. there's tax rate increases on the table. i don't know if there's spending on the table. what's your thinking prigt now? >> that it's a really, really bad idea to raise taxes. if you want your economy to grow, you should do the opposite. we have to cut taxes. that's how i'd fix the economy. leave more money in the private sector. the president is adamant about raising taxes and he's dead wrong....
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you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anything like it. >> yes, indeed, it seems that republicans are not quite sure what to make of the president taking a harder line across the bargaining table. >> you know, the president's idea of a negotiation is roll over and do what i ask. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. the president's plan is just, quite frankly, a joke. >> i'm not sure about that, senator graham, but there will be plenty of time for jok
you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was...
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so the question is is the president serious about avoiding the fiscal cliff. we know pain in this country is bad on the economy. it would only broad and deep fn we hit a double dip recession. is the president serious about avoiding that cliff and if not, why not. i think some people are wondering -- megyn: do you think it is a matter of principle for the president? chris fire walt cam -- chris stt with a piece to say it's an ideological commitment on the part of the president to make the rich pay more and to give others more. for him it's an ideological mission to take the money from high income and give to it people who don't have as much. >> i agree with chris he said that. that's what he wants to do. but the curious part to me is you had quite a few lawmakers on the republican side of the isle start t --side of the aisle stao crack. they are willing to come to table and play ball. but the president is on the campaign trail and upping the states with totally ludicrous suggestions and plans like the one if you can call it that, the one he put out last week wh
so the question is is the president serious about avoiding the fiscal cliff. we know pain in this country is bad on the economy. it would only broad and deep fn we hit a double dip recession. is the president serious about avoiding that cliff and if not, why not. i think some people are wondering -- megyn: do you think it is a matter of principle for the president? chris fire walt cam -- chris stt with a piece to say it's an ideological commitment on the part of the president to make the rich...
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he will also make the case that this fiscal cliff will have a negative impact on the overall economy and he will push these business leaders to support his approach. soledad? >> dan lothian, in washington, d.c., for us, thank you. >>> just a few minutes we'll be chatting with stephanie cutter, the woman who helped manage president obama's re-election campaign. we'll talk more about the fiscal cliff. >>> first a look at other stories that are making news today. zoraida has that for us. >> good morning to you. the death toll in the philippines is rising this morning. typhoon bopha moving toward beach resorts in the northern part of the country and right now it is packing winds over 90 miles an hour. that storm has already caused massive flooding and landslides in the southern philippines. dozens of buildings have been destroyed and the death toll stands at 133 with hundreds more still missing. >>> meantime in rain soaked seattle there are concerns about more mudslides. meteorologist karen maginnis joins us live from atlanta with the latest. they cannot get a break. >> they really can't
he will also make the case that this fiscal cliff will have a negative impact on the overall economy and he will push these business leaders to support his approach. soledad? >> dan lothian, in washington, d.c., for us, thank you. >>> just a few minutes we'll be chatting with stephanie cutter, the woman who helped manage president obama's re-election campaign. we'll talk more about the fiscal cliff. >>> first a look at other stories that are making news today. zoraida...
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conference secretary voicing her thoughts on the fiscal cliff negotiations yesterday. and we want you to address the issue of what the g.o.p. is raising, which is address the spending problem. 202 is the area code for our numbers. that's our question this morning in this first segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning. g.o.p. forget tax rates in talks on the deficit, let's look at the spending. the speaker's swift rejection of an idea floated by representative tom cole of oklahoma, a respected party strategist and former chair of the house g.o.p. campaign committee came as the republicans voiced increasing concerns over the debate of the so-called fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain that for all the talk of coming up with a balanced budget plan, he has made little effort to identify specific proposals beyond incr
conference secretary voicing her thoughts on the fiscal cliff negotiations yesterday. and we want you to address the issue of what the g.o.p. is raising, which is address the spending problem. 202 is the area code for our numbers. that's our question this morning in this first segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning....
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cliff by a 2 to 1 margin. so i would say that right now, and i think even republicans would stipulate this, wolf. the president has the leverage here, i mean, republicans also know that if they were to go over the cliff that the tax cuts on the wealthy would increase. you could come back and undue the tax cuts on the middle class expiring. but the president's in a pretty good bargaining position here, which is why you see him sort of hold firm. >> what leverage do the republicans have? >> well, look, i think it -- they understand that for some liberals going over the cliff is okay, because liberals say, you know what, we get those defense cuts we wouldn't get otherwise, and they believe the public would not like to see that, and i think at some point, wolf, you have to say, i don't know when it is, but at some point the president and his people as dana bash was just talking about, need to get to the negotiating table. let's be fair to the house speaker. he put a plan on the table that included revenues, substa
cliff by a 2 to 1 margin. so i would say that right now, and i think even republicans would stipulate this, wolf. the president has the leverage here, i mean, republicans also know that if they were to go over the cliff that the tax cuts on the wealthy would increase. you could come back and undue the tax cuts on the middle class expiring. but the president's in a pretty good bargaining position here, which is why you see him sort of hold firm. >> what leverage do the republicans have?...
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[farting sounds] >> if the president really wants to avoid sending the economy over the fiscal cliff he's done nothing to demonstrate it. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues it's magic beans and fairy dust. [farting sounds] >> stephanie: all right. >> fairy dust goes very well with bourbon. >> stephanie: republicans were quick to say that boehner's plan was attracting criticism from the right particularly from jim demint of south carolina, tea party leader and as such, represented more of a compromise than obama's stance. uh no! nice try. demint said boehner's plan will destroy american jobs and allow politicians in washington to spend more. oh, please we're not falling for this. they think if they criticize the plan, oh, well it must be a good compromise then. nice try! 29 minutes after the hour. spongebob squarepants tom kenny, our buddy our pal next on "the stephanie miller show." when the last card is played what will be remembered? explore the lives of the famous and infamous who changed our world
[farting sounds] >> if the president really wants to avoid sending the economy over the fiscal cliff he's done nothing to demonstrate it. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues it's magic beans and fairy dust. [farting sounds] >> stephanie: all right. >> fairy dust goes very well with bourbon. >> stephanie: republicans were quick to say that boehner's plan was attracting criticism from...
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going off the fiscal cliff will hurt our economy. it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not need a victory lap. it needs leadership. it is time for the president, congressional democrats to tell the american people what spending cuts they're willing to make. with that, i will take a few questions. [indiscernbile] it has been very clear over the last year and a half. i have talked to the president about many of them. you can look at our budgets where we outlined specific proposals that we passed last year and the year before. we know wh
going off the fiscal cliff will hurt our economy. it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's...
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what we need to be more focused on is to get through the fiscal cliff and get a deal done and lay the foundation for long-term fiscal reform. it is focused primarily on health care. >> senator, can you wait in on this? cbo, 10-year window, this is a requirement. congress needs to address these things. a roadmap, if you will. should we change the rules before we play the game? >> all of these extraordinary and practical ideas cannot survive in the cbo structure. that is a forcing mechanism. people are grasping onto ideas such as changing the age. people can easily explain it i and understand it instead of doing the more complex and difficult things that would get you where you want to go. i would be interested -- i have always opposed -- >> i did not hear that. >> directive scoring when it comes to cbo. i do think somehow and i think this is the governor's point, which is congress ignores a lot of stuff that makes sense. it gets wrapped up in its day- to-day activities. i honestly think you break out of this is if you get a white house and leadership in congress that are willing to tak
what we need to be more focused on is to get through the fiscal cliff and get a deal done and lay the foundation for long-term fiscal reform. it is focused primarily on health care. >> senator, can you wait in on this? cbo, 10-year window, this is a requirement. congress needs to address these things. a roadmap, if you will. should we change the rules before we play the game? >> all of these extraordinary and practical ideas cannot survive in the cbo structure. that is a forcing...
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>> so obama created this whole fiscal cliff for an election issue. the amazing thing is no one talked about this during the campaign. it was the day after the election that suddenly d.c. and the d.c. press was abuzz about the fiscal cliff. this wasn't a campaign issue. no one even talked about it. >> stephanie: right. >> the idea that this is all obama's fault. it has nothing to do with the $3 trillion war paid for with taxes. >> stephanie: eric boehlert remains in the sidecar. we continue with right-wing world next on "the stephanie miller show." >> announcer: it's really weird but it's also the coolest thing i've ever heard in my whole life. >> announcer: it's "the stephanie miller show." that viewers like about the young turks is that we're honest. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. ♪ here she come now say mony mony ♪ >> stephanie: oh you didn't put in the other part. okay. >> i like our s.e.c. license. >> stephanie: 1-800-steph-12 the
>> so obama created this whole fiscal cliff for an election issue. the amazing thing is no one talked about this during the campaign. it was the day after the election that suddenly d.c. and the d.c. press was abuzz about the fiscal cliff. this wasn't a campaign issue. no one even talked about it. >> stephanie: right. >> the idea that this is all obama's fault. it has nothing to do with the $3 trillion war paid for with taxes. >> stephanie: eric boehlert remains in the...
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>> you know, this will have a big saying in whatever they vote to do to avoid the fiscal cliff. tea party type groups saying it is going too far in raising revenues which is interesting because ryan is considered to be a hero to many in the tea party movement. >> some conservatives actually complaining because it was news to them, the boehner plan and the people who signed it, it didn't include enough different points of view, enough people in the party. all right. paul steinhauser, nice to see you, paul. >> thanks. >> 34 minutes part the hour. >>> new york city police say the man being requested for allegedly pushing a man into the path of an oncoming train is implicating himself. there it is for you to see this be they're arguing on the subway platform. a "new york post" photographer who shot a controversial front-page photo of the man trying to climb up from the tracks is explaining himself. he's writing in today's paper, he says it's unfair for people to condemn him. he says, quote, i can't let the armchair critics bother me. they were not there. they have no idea how quickl
>> you know, this will have a big saying in whatever they vote to do to avoid the fiscal cliff. tea party type groups saying it is going too far in raising revenues which is interesting because ryan is considered to be a hero to many in the tea party movement. >> some conservatives actually complaining because it was news to them, the boehner plan and the people who signed it, it didn't include enough different points of view, enough people in the party. all right. paul steinhauser,...
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cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in the middle of the tax year on the basic structure of the income tax for that year. >> host: we'll go to jeff in tampa, florida, independent caller. >> caller: good morning, how you doing? >> host: good morning, sir. >> caller: yes, i have a question for mr. buckley, and this is more -- it may be a little generic, but something that a couple of my friends and i have talked about and just trying a basic understanding of. instead of having an income tax, has there ever been any discussion about having a national or a federal sales tax to help offset so this way everyone from the ric
cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in the middle of the tax year on the basic structure of the income tax for that...
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is the economy headed for that fiscal cliff? is all of this negotiating dead in the water? let's bring in our panel. monica crowley, radio talk show host and author of monomemo.com. jewelry roginsky former political advisor to senator frank lautenberg of new jersey. both fox news contributors. you say the president is not interested in compromise at all? >> no. i have just wrote a whole book about this called, what the bleep just happened. i traced first four years of his presidency. anytime he proposed a economic proposal or physical proposal it contained the exact same elements, which is tax hikes, more spending, not less, no entitlement reform and pushing up the debt limit as far and as fast as possible. this should come as no big surprise here. it is not a big mystery who this guy is. a pure leftist ideologue who will not compromise. jon: julie, he ran a platform saying let's raise the two top tax rates in this country. if he did that would raise $850 billion in revenue. he is asking for a trillion six. he is asking for twice what he campaigned on. >> first and foremost
is the economy headed for that fiscal cliff? is all of this negotiating dead in the water? let's bring in our panel. monica crowley, radio talk show host and author of monomemo.com. jewelry roginsky former political advisor to senator frank lautenberg of new jersey. both fox news contributors. you say the president is not interested in compromise at all? >> no. i have just wrote a whole book about this called, what the bleep just happened. i traced first four years of his presidency....
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middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all eyes are on the white house. our country does not need a victory lap, it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they are really going to make. with that, i will take a few questions. [inaudible question] >> we have outlined very specific proposals that we passed in last year's budget and the budget before. we know what the venue is. what we do not know is what the white house is willing to do to get serious about solving our debt crisis. [inaudible question] >> i am not going to get into the details. it is very clear what kind of spending cuts need to occur. we have no idea what the white house is willing to do. [inaudible question] >> no, no, no. stop. i have to tell you, i am disappointed in where we are. i am disappointed in what has
middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all eyes are on the white house. our country does not need a victory lap, it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they are really going to make. with that, i will take a few questions. [inaudible question]...
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cliff for very long the economy will almost certainly go into a recession. if it didn't, the economists are going to have to revise all our models. so i think it could occur if we go very long. and if we do that, the question is who's going do that. i think the republicans get a lot to alabama. on the other hand it would also derail his second term. he wouldn't have get anything done. they both have a lot to lose. and the question is who's going to compromise and who's going to swerve first in this high stakes game of chicken. >> greg, one thing that i hear all the time from democrats is that the clinton years were really good because of the clinton tax rates. one of the things in the fiscal cliff is going back to the clinton era tax rates for everybody. now, i know there's sequestration and payroll tax. there's a lot of other things in there, but we did okay with those tax rates. why did we just assume there'd be a recession. >> let me mention a couple of things from the 1990s that are very different from today. first, there was a lot. there was an implicit
cliff for very long the economy will almost certainly go into a recession. if it didn't, the economists are going to have to revise all our models. so i think it could occur if we go very long. and if we do that, the question is who's going do that. i think the republicans get a lot to alabama. on the other hand it would also derail his second term. he wouldn't have get anything done. they both have a lot to lose. and the question is who's going to compromise and who's going to swerve first in...
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cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers
cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors...
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cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign relations committee which would consider the confirmation of ambassador susan rice if the president were to nominate ambassador rice to succeed hillary clinton as secretary of state. but senator johnny isaacson of georgia said he would not confirm her. why? >> i don't think she is confirmable right now because of the lack of information we have on the entire benghazi issue, from the administration. susan rice is the tip of the sphere. t
cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't...
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toward a fiscal cliff. republicans offered president obama a proposal that retained the bush tax cuts for the wealthy, and now they say the ball is in the president's court. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> both sides promise to cut trillions from government spending over the next decade, but the republicans insist they can do it without raising taxes on the rich. president obama insists that's a nonstarter. he shared his message with rich folks at the business round table. he told them they could handle paying more in taxes. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that will affect your spending, your lifestyles, or the economy in any significant way. >> business round table is a lobby group made up of some of the country's biggest ceos, ceos of some of the country's bigg gt companies. if you don't know what the fisc
toward a fiscal cliff. republicans offered president obama a proposal that retained the bush tax cuts for the wealthy, and now they say the ball is in the president's court. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> both sides promise to cut trillions from government spending over the next decade, but the republicans insist they can do it without raising taxes on...
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the fiscal cliff is going to have a huge impact on the economy. in fact, a big european economic group this week dialed back its estimates for u.s. economic growth this year. and other economists are warning that things may not be so rosie, partly because of concerns about the cliff. now, businesses are already cutting back, even though corporate profits are up. and when you look at today's report, here's the interesting part, carol. government spending, federal government spending is a huge reason why the economy grew in q3. it rose 9.5%. but here's the thing. if you slash that government spending, if and when the fiscal cliff goes into effect, that can really eat into gdp and is part of the reason the congressional budget office has said if we do go over the cliff, the u.s. could go back into a recession. carol? >> alison kosik at the new york stock exchange. >>> well, someone is waking up this morning as a multimillionaire. winning tickets for the powerball's record-breaking $580 million jackpot were sold in arizona and missouri. last night's w
the fiscal cliff is going to have a huge impact on the economy. in fact, a big european economic group this week dialed back its estimates for u.s. economic growth this year. and other economists are warning that things may not be so rosie, partly because of concerns about the cliff. now, businesses are already cutting back, even though corporate profits are up. and when you look at today's report, here's the interesting part, carol. government spending, federal government spending is a huge...
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cliff because he wants the economy to fail because he wants president obama to fail. john boehner, again, i think the worst speaker ever, it's a time for leadership, not for playing political games. american people have spoken. this is a time for leadership. i think if john boehner is unwilling to lead, we've got to put pressure on him to get the hell out of the way. fish or cut bait. get the hell out of the way. he has no backbone. he has no balls. he is a lousy, lousy leader. he is a looser. i think we ought to start putting the pressure on him. let's pick a fight today with john boehner. it's not picking a fight with boehner. it's just doing something to save this country. so, peter, how do people -- i call on you join me in call okay john boehner lead or get out of the way. >> peter: if you want to send him an e-mail speaker.gov/contact. you can send it to him. if you are on twitter >> bill: speaker.gov spiritists we are tweeting this as well. if you are on twitter he is tweeting @speakerboehner, @ speakerboehner. or call the office of the speaker, 202-225-0600. y
cliff because he wants the economy to fail because he wants president obama to fail. john boehner, again, i think the worst speaker ever, it's a time for leadership, not for playing political games. american people have spoken. this is a time for leadership. i think if john boehner is unwilling to lead, we've got to put pressure on him to get the hell out of the way. fish or cut bait. get the hell out of the way. he has no backbone. he has no balls. he is a lousy, lousy leader. he is a looser....
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: vice president biden was confident that this deal will get done because he's optimistic genetically. says if everyone can act like adults and can reach an agreement, the up side will be much greater than the down side. >> any indication when there might be a presidential meeting with the speaker? >> reporter: we don't know at all. there has been one phone call this week. white house aides saying so far they're not making announcements about meetings or phone calls. >> they need to meet to resolve this. maybe their teams and staffers could do some advance work but the clock is ticking. dan lothian, thank you. >>> president obama's top campaign strategist is here in a few minutes. david axelrod did something today he hasn't done in decades. look at that, before and after. he's ready to challenge a member of cnn's political team to do the same thing. stand by. >>> and take a look at this. we're going to tell you why the driver says she didn't stop ou
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: vice president biden was confident that this deal will get done because he's optimistic genetically. says if everyone can act like adults and can reach an agreement, the up side will be much greater than the down side. >> any indication when there might be a presidential meeting with the speaker? >> reporter: we don't know at all. there...
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and will they take the economy with them over the cliff? the fiscal cliff confronting us threatens an economic mess, half of which could be resolved in one fell swoop by passing the middle class tax cuts. the senate has already acted, the president is waiting to sign it. republicans should join with democrats and give 98% of americans and 97% of small businesses the certainty that they won't face a tax increase on january 1. colleagues, republicans as well as democrats, sign now, the signal that america needs. the speaker pro tempore: the gentleman from michigan yields back. for what purpose does the gentleman from south carolina seek recognition? without objection, the gentleman from south carolina is recognized for one minute. mr. wilson: mr. speaker, yesterday speaker boehner sent a letter to the president in response to his unreasonable proposal to how congress can avert the fiscal cliff. shortly after the election, the house republican leadership presented the president with a balanced framework of coupling spending come cutlers and re
and will they take the economy with them over the cliff? the fiscal cliff confronting us threatens an economic mess, half of which could be resolved in one fell swoop by passing the middle class tax cuts. the senate has already acted, the president is waiting to sign it. republicans should join with democrats and give 98% of americans and 97% of small businesses the certainty that they won't face a tax increase on january 1. colleagues, republicans as well as democrats, sign now, the signal...
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. >> -- and protect the middle class from the fiscal cliff. but without spending cuts an entitlement reforms it will be impossible to address our country's debt ace crisis and get our economy growing again and create jobs. right now all eyes are on the white house. our country doesn't need a victory lap, it needs leadership. it is time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i will take a few questions. >> speaker boehner, why would you not tell democrats what spending cuts you would like to see -- [inaudible] >> it has been very clear over the last year-and-a-half. i've talked to the president about many of them. you can look at our budget. where we outline very specific proposals that we passed in last year's budget and the budget from the year before. we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> [inaudible]. >> listen, i'm not going to get into the details but
. >> -- and protect the middle class from the fiscal cliff. but without spending cuts an entitlement reforms it will be impossible to address our country's debt ace crisis and get our economy growing again and create jobs. right now all eyes are on the white house. our country doesn't need a victory lap, it needs leadership. it is time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i will take a few...
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cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign relations committee which would c
cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at...
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. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend -- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in washington state then two years ago he got a job as an accountant with the federal government so the family of six-- their savings depleted-- moved across the country to woodbridge virginia. his salary of a little more than $70,000 is less than what he used to make. >> before we lost our job they were in -- two were in piano and we haven't been able to do things like that. >> reporter: what's the hardest part of this? >> for me it's my kids knowing that i want more for them. my oldest, who's the one that's most aware of what we've been going through the last couple years she asked me recently, this summer, she's like "mommy when
. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend -- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in...
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cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous economy and growth and we should go back to the clinton tax rates. what that really means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. i don't support that. i don't think that's a great idea. it would slow down the economy. >> when you look at economist's evaluations, it would slow down the economy. it would. there's no question about it. but if the problem is that we have
cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a...